VR Resources (CVE:VRR) Shares Up 40% – Here’s Why

VR Resources Ltd. (CVE:VRR)’s stock price was up 40% during trading on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 159,000 shares changed hands during trading, a decline of 7% from the average daily volume of 170,333 shares. The stock had previously closed at C$0.05.

VR Resources Stock Performance

The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The stock has a market capitalization of C$9.05 million, a P/E ratio of -1.25 and a beta of 1.55.

VR Resources Company Profile

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, silver, gold, and diamond deposits. The company's principal properties include 100% owned Northway property consisting of 284 claims; and Hecla-Kilmer REE critical metals comprising 224 mineral claims in one contiguous block covering an area of 4,618 hectares located in northern Ontario, Canada.